1. Utility Token BNB is widely used to pay for trading fees on Binance with discounts increasing its demand.
2. Strong Ecosystem It powers the Binance Smart Chain (BSC) which hosts thousands of DApps and tokens.
3. Burn Mechanism Binance regularly burns BNB tokens, reducing supply and potentially increasing value.
4. Fast and Low-Cost Transactions BNB offers fast transaction speeds and minimal fees on BSC.
5. Multi-Purpose UseBNB is accepted for payments, travel bookings, DeFi, NFTs, and more.
6. Backed by Binance As part of the Binance ecosystem, it has strong backing and constant development.
7. High Liquidity BNB is one of the most traded cryptocurrencies globally, making it highly liquid.
8. Deflationary Model Its burn system introduces a deflationary supply structure, appealing to investors.
BNB
885.88
-2.69%
